Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Decreases By 56.5%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 60,695 shares, a decline of 56.5% from the July 30th total of 139,679 shares. Based on an average trading volume of 75,230 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIDU. Parallel Advisors LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 47.3% during the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 123 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Fidelity MSCI Industrials Index ETF by 945.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after acquiring an additional 558 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% during the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after acquiring an additional 896 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth $82,000. Finally, Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the fourth quarter valued at $83,000.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of NYSEARCA FIDU traded down $1.13 during mid-day trading on Friday, reaching $93.78. The company had a trading volume of 84,304 shares, compared to its average volume of 115,678. The stock has a fifty day moving average of $96.88 and a two-hundred day moving average of $93.97. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.65 and a beta of 1.04. Fidelity MSCI Industrials Index ETF has a 12-month low of $78.27 and a 12-month high of $100.00.

About Fidelity MSCI Industrials Index ETF

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.